The shooting at Sandy Hook Elementary School in left 26 people dead, including 20 children.

In its Chapter 11 filing in Delaware federal court, Remington said it was $100 million to $500 million in debt and hoped to continue to operate while under bankruptcy protection. It estimated its assets were as between $100 million and $500 million,
according to this report.

Now based in North Carolina, the company was acquired in 2007 by the private equity firm Cerberus Capital Management for $118 million. The firm merged with the the maker of the Bushmaster rifle, into a company called Freedom Group.